AVP/VP, Reseach & Regulation (Trade Reporting)

Responsibilities

• Provide assurance on regulatory compliance, accuracy and completeness over DTCC (Depository Trust & Clearing Corporation) reporting  by performing independent validation of report submissions (frequency to be aligned to QA policies if any e.g. monthly, quarterly).

• Detect anomalies if any across (sub)asset classes and lifecycle events.
• By performing validation checks (sampled over several days to reconcile across multiple lifecycle events), candidate will:
• Perform process reviews on the reporting process i.e. review if controls are properly designed to mitigate the specific risk identified in the reporting process and checks for documentation / formalization by 1LOD (1st Line of defense).
• Checks if controls are carried out effectively i.e. being performed properly as described / documented.
• Trace sample trades in source system to reporting system to confirm mapping is in accordance with regulatory expectation.
• Review of timeliness of submissions.
• Temporarily supporting the advice to relevant stakeholders when corresponding with MAS on submission matters; supporting the definition of reporting requirements and changes to business requirement documents (these primarily will be assumed by 1LOD function once ready).

Requirements

• Commercial experience in wholesale bank / full bank.
• Prior experience in audit exposure over DTCC reporting will be advantageous.

• Prior experience in regulatory reporting in DTCC will be considered.
• Meticulous, strong stakeholder management and communication skills (written and spoken)
• Team oriented
• University degree in Accountancy or Chartered Accountancy, MAS regulatory reporting exposure.